At the end of Duckwall Department Stores fiscal year on November 30, 2008, these accounts appeared in its adjusted trial balance Additional facts 1 Merchandise inventory on November 30, 2008, is ($36,200 ) 2 Note that Duckwall Department Store uses a periodic system Instructions Prepare an income s...

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At the end of Duckwall Department Stores fiscal year on November 30, 2008, these accounts appeared in

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At the end of Duckwall Department Store’s fiscal year on November 30, 2008, these accounts appeared in its adjusted trial balance.

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Additional facts:

1. Merchandise inventory on November 30, 2008, is $$36,200.$

2. Note that Duckwall Department Store uses a periodic system.

Instructions

Prepare an income statement through gross profit for the year ended November 30, 2008.

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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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Question Posted: May 10, 2024 02:02 PM

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At the end of Duckwall Department Stores fiscal year on November 30, 2008, these accounts appeared in

Question:

Freight-in $ 5,060 Merchandise Inventory 44,360 Purchases 650,000 Purchase Discounts 7,000 Purchase Returns and Allowances 3,000 Sales 900,000 Sales Returns and Allowances 20,000

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Accounting Principles

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